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Wealth Management
APRIL 9, 2025
Court of Appeals for the Second Circuit upholds QTIP trust valuation for estate tax, rejecting deduction for settlement payment to widows estate. In Kalikow v. Commissioner, the U.S.
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Wealth Management
MAY 21, 2024
A cornerstone in strategic planning to optimize clients’ financial legacies.
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Book of Secrets on the Month-End Close
What Your Financial Statements Are Telling You—And How to Listen!
Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments
Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management
Nerd's Eye View
DECEMBER 27, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that according to a recent study by DeVoe & Company, only 42% of RIAs surveyed have written succession plans and either have begun to implement them or have already done so.
Nerd's Eye View
JANUARY 31, 2025
Which could include measures such as additional time to comply with rules that have been adopted but not yet enforced and perhaps, more broadly, an approach from the SEC that focuses more on whether a firm has robust program controls and a strong fiduciary culture rather than seeking out specific, (sometimes minor) missteps and producing enforcement (..)
Nerd's Eye View
MARCH 6, 2024
The Shilller Cyclically Adjusted Price-to-Earnings (CAPE 10) Ratio is one example that takes into account current market valuations versus company earnings, generally predicting that the higher the valuation at the beginning of a period the lower the expected return for that period.
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Wealth Management
JANUARY 30, 2024
Developments from 1999 through 2019.
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Wealth Management
JANUARY 30, 2024
Developments from 2020 to 2023.
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Wealth Management
MARCH 27, 2024
It may cause trouble down the line If your client is audited.
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Nerd's Eye View
OCTOBER 4, 2023
The expectations for the future economic outlook also appear in the valuations of equities, which tend to reflect how markets anticipate that corporate earnings will grow in the future. And even though U.S.
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Nerd's Eye View
MAY 16, 2023
What's unique about Jim, though, is how he has scaled his retainer-based boutique firm to more than $7 million in revenue, a $31 million enterprise valuation, and is growing organically at a 40% growth rate, by providing a high-touch comprehensive advice offering for his business owner niche clientele.
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Wealth Management
MARCH 1, 2023
Commissioner provides insights on how to weigh evidence on valuation discounts.
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Abnormal Returns
SEPTEMBER 8, 2024
(awealthofcommonsense.com) Early in retirement is the time to do some tax planning. worksinprogress.co) Good luck trying to time the stock market using valuation metrics. whitecoatinvestor.com) Three reasons to buy Josh Brown's new book "You Weren’t Supposed To See That." ritholtz.com) How pour-over coffee got so good.
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Abnormal Returns
APRIL 28, 2024
(scienceblog.com) What are to make of the big, and persistent, valuation disparities between large and small caps. carsongroup.com) How much do higher taxes prompt millionaires to relocate? morningstar.com) Additional life advice from Kevin Kelly including 'The highest form of wealth is deciding you have enough.'
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The Big Picture
MARCH 18, 2025
We view valuation as a snapshot in time instead of recognizing how it evolves over a cycle, driven primarily by changes in investor psychology. Be tax-aware. We evolved in an arithmetic world, so we are unprepared for the exponential math of finance. Market Mayhem : As investors, we often rely on rules of thumb that fail us.
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Harness Wealth
MARCH 27, 2025
As dynamic as the secondary market may be, secondaries come with complex tax implications that can significantly impact returns if not properly managed. What are the tax implications of secondary transactions? What are the tax challenges in secondary transactions? What tax strategies optimize secondary investments?
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Abnormal Returns
DECEMBER 19, 2023
on.ft.com) Corporate finance Stock-based compensation makes a big difference for company valuations. indexologyblog.com) Inflation makes tax efficiency all the more important. (advisorperspectives.com) A history of quant investing and the state of the factor zoo. papers.ssrn.com) Research What would it take to see a repeat of U.S.
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The Big Picture
APRIL 7, 2023
My end-of-week, market’s-closed-but-BLS-open Good Friday reads: • Here’s What Happens at the IRS After You File Your Taxes Refunds can come in five days—or a few months. His textbook “ Investment Valuation ” is the standard in the field. class nine times.
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Wealth Management
APRIL 20, 2023
How does the court weigh evidence on valuation discounts?
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Abnormal Returns
MAY 8, 2023
(financial-planning.com) The biz What variables matter when it comes to RIA valuation. thinkadvisor.com) The latest in advisortech news from April including the SEC's scrutiny of tax-loss harvesting systems. sciencedaily.com) How tax-adjusting a portfolio works in practice.
Darrow Wealth Management
JANUARY 16, 2025
A step-up in basis is a tax advantage for individuals who inherit stocks or other assets, like a home. Understanding step-up in basis at death If youve received an inheritance you may have questions about the tax treatment of certain assets. This increases the tax basis, which determines capital gains or losses when the asset is sold.
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Nerd's Eye View
APRIL 3, 2024
Notably, the work-from-home movement has resulted in a dramatic drop in office valuations that could lead to a whole host of issues, including lending constraints in the banking sector, which is already sitting on a mountain of unrealized losses on Treasuries and mortgages.
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Harness Wealth
FEBRUARY 4, 2025
However, unlike stocks and bonds, alternative investments, or alts as theyre commonly known, have unique tax treatments and complex reporting requirements that investors should carefully consider before investing. Well also go into some potential strategies to optimize tax efficiency. How Are Alternative Investments Taxed?
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Abnormal Returns
MARCH 17, 2024
Markets Market valuations aren't that helpful in the short term. axios.com) Everybody wants simpler taxes, but it never happens. tker.co) The U.S. yield curve has been inverted for a record amount of time. ft.com) Strategy Why you can ignore all the magazine cover commentary. axios.com) Private equity return dispersion is a problem.
Abnormal Returns
JULY 25, 2023
papers.ssrn.com) Research It makes total sense that equity market valuations are higher today than in the past. morningstar.com) How much are lower interest and tax expenses account for faster earnings growth? (papers.ssrn.com) How disappointment drives a lot of fund outflows. mailchi.mp) Just how predictable are momentum crashes?
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Nerd's Eye View
JULY 7, 2023
Also in industry news this week: A recent survey indicates that a strong majority of financial advisory clients have maintained their trust in their advisors despite the investment market setbacks experienced last year A report from the SEC shows that a majority RIAs have mandatory arbitration clauses in their client agreements, a practice that has (..)
Darrow Wealth Management
JULY 30, 2024
For founders, employees, and executives with stock-based compensation, an 83(b) election can be a powerful tax planning tool. When you make an 83(b) election, you’re opting to pay tax on unvested shares now, instead of when the stock vests. In tax lingo, this is known as substantial risk of forfeiture.
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Nerd's Eye View
NOVEMBER 4, 2022
We also have a number of articles on taxes and end-of-year planning: The importance for advisors of understanding current RMD rules to ensure their clients take the proper distributions (and avoid a 50% penalty in the process!). ” to pass by the end of the year, while passage of other proposed tax measures appears to be less likely.
Nerd's Eye View
MAY 12, 2023
Also in industry news this week: Why industry groups representing investment advisers and others have blasted an SEC proposal that would significantly expand its Custody Rule A new study suggests that organic client growth and profit margins are the key factors driving RIA valuations, with the firm’s affiliation model having little to no impact (..)
Abnormal Returns
JULY 19, 2022
ft.com) Venture Tomasz Tunguz, "The bid/ask spread in VC is the difference between the post-money valuation between a VC (the bidder) & a company (seller)." abnormalreturns.com) Adviser links: estate tax intricacies. (finance.yahoo.com) Fund managers are starting to end money market mutual fund fee waivers.
The Big Picture
OCTOBER 30, 2024
Because of the valuation gap looks about the best it’s ever looked, uh, over the past decade. We’re talking single digit P/E ratios, which is a, a gap that has widened over the past decade, but in particularly the last three to four years, with some of the largest valuation spreads we’ve seen.
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Nerd's Eye View
DECEMBER 23, 2022
While RIA M&A activity has been red hot during the past couple of years, a survey suggests that advisors are expecting lower valuations in 2023. A review of financial planning actions, from tax-loss harvesting to charitable giving, that have a December 31 deadline.
Abnormal Returns
AUGUST 6, 2023
michaelparekh.substack.com) Venture capital Q2 2023 startup data from AngelList show median valuations back to pre-pandemic levels. wsj.com) Starting next year, most US taxpayers will be able to file their taxes completely paperless with the IRS. angellist.com) The tidal wave of down rounds is here.
Carson Wealth
OCTOBER 7, 2024
Carson Wealth’s Thom Hall CFP®️, ChFC ®️, CExP , CEPA Managing Director, Partner & Wealth Advisor and Rick Krebs CPA, CEPA discuss the importance of an accurate valuation when considering a business exit. For a comprehensive review of your personal situation, always consult with a tax or legal advisor.
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The Big Picture
FEBRUARY 27, 2023
equity valuations: “Baby-boomers’ huge flow of 401K plan contributions helped to drive equities higher; now that ~70 million Boomers are retiring, when do demographics flip this from a huge positive to a net drag?” This demographic cohort is simply not a seller due to retirement – the tax expenses would be too great.
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Darrow Wealth Management
MAY 6, 2024
Later in the process you’ll work with the attorney to discuss what assets may potentially need a valuation. A real estate tax lien can delay closing. File and pay taxes You may need to file an individual tax return for your parent which follows regular deadlines. Gather tax documents and consult a CPA for help.
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Alpha Architect
FEBRUARY 3, 2023
In their 1961 paper, “Dividend Policy, Growth, and the Valuation of Shares,” Merton Miller and Franco Modigliani famously established that dividend policy should be irrelevant to stock returns.
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Zoe Financial
MARCH 3, 2025
despite beating earnings expectations, showing high valuation pressure. Nothing in these materials is intended to serve as personalized tax and/or investment advice since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances. Nvidia: Fell 8.5%
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Carson Wealth
JUNE 16, 2023
If that’s the case with your organization, you could be missing out on the benefits of a business valuation, which can provide a comprehensive understanding of your company’s financial standing and overall health. What Is a Business Valuation? A business valuation is far harder to conduct during a crisis.
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Abnormal Returns
FEBRUARY 16, 2023
howardlindzon.com) Private assets Why private equity needs much better valuations. axios.com) Funds Tax efficiency is the secret sauce of ETFs. (nytimes.com) AI requires a lot of semiconductors. ft.com) Why where investors mark the portfolios can be all over the place. pragcap.com) Fidelity is hiring!
Darrow Wealth Management
JULY 30, 2024
For founders, employees, and executives with stock-based compensation, an 83(b) election can be a powerful tax planning tool. When you make an 83(b) election, you’re opting to pay tax on unvested shares now, instead of when the stock vests. In tax lingo, this is known as substantial risk of forfeiture.
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Cornerstone Financial Advisory
NOVEMBER 25, 2024
Food for Thought… “Keep some room in your heart for the unimaginable.” – Mary Oliver Tax Tip… Did You Know That You Have the Right to Challenge the IRS? This information is not a substitute for individualized tax advice. Please discuss your specific tax issues with a qualified tax professional.
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Darrow Wealth Management
NOVEMBER 14, 2024
Tax implications of exercising and selling stock options If you have stock options as a large part of your income, taxes are especially important. How stock options are taxed depends on the type of options you have and your sale and exercise strategy. However, that doesn’t mean you won’t need to pay taxes!
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Cornerstone Financial Advisory
DECEMBER 16, 2024
.” – Alfred, Lord Tennyson Tax Tip… Have You Created Your IRS Online Account? This information is not a substitute for individualized tax advice. Please discuss your specific tax issues with a qualified tax professional. The information in this material is not intended as tax or legal advice.
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